Condo Foreclosures in Mattoon, IL

Current Market Conditions in Mattoon, IL

The real estate market in Mattoon is currently stable with a steady demand for housing. Price points are affordable, making it an attractive market for first-time homebuyers and investors looking for rental properties. The area has seen a slight appreciation in property values over the past year, indicating growth and investment potential.

There is an increasing interest in properties due to the city's family-friendly amenities and appealing lifestyle. The influx of people moving to Mattoon from neighboring cities for its lower cost of living and quality amenities is contributing to a robust real estate market, presenting opportunities for savvy investors.

Rent Prices In Mattoon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mattoon, IL, is on a rollercoaster ride. The average rent price in Mattoon, IL, is $1,035.00. Indeed, when looking to rent in Mattoon, IL, you can expect to pay as little as $440.00 or as much as $2,300.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Mattoon, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.